Gerdau (NYSE: GGB) vice-chair files Form 3 detailing massive share stake
Rhea-AI Filing Summary
GERDAU S.A. vice-chairman Claudio Johannpeter filed an initial Form 3 reporting his ownership in the company. He reports indirect ownership of 702,952,615 common shares, as well as direct and indirect holdings of preferred shares.
He also reports three grants of restricted stock units tied to preferred shares: 106,519 underlying shares with a vesting date of February 12, 2027, 116,745 underlying shares vesting on February 12, 2028, and 105,670 underlying shares vesting on February 12, 2029. The RSU exercise prices are denominated in Brazilian reais.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Johannpeter Claudio
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Preferred shares | -- | -- | -- |
| holding | Common shares | -- | -- | -- |
| holding | Preferred shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 328,934 shares (Direct);
Preferred shares — 85,607 shares (Direct);
Common shares — 702,952,615 shares (Indirect, Remarks);
Preferred shares — 283 shares (Indirect, Preferred shares held by an immediate family member (relationship: son).)
Footnotes (4)
- F1. Restricted stock units vest on February 12, 2027. Exercise price denominated in Brazilian reais (R$).
- F2. Restricted stock units vest on February 12, 2028. Exercise price denominated in Brazilian reais (R$).
- F3. Restricted stock units vest on February 12, 2029. Exercise price denominated in Brazilian reais (R$).
- F4. See remarks below
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Claudio Johannpeter’s Form 3 disclose for Gerdau (GGB)?
The Form 3 discloses Claudio Johannpeter’s initial ownership in GERDAU S.A.. It reports a very large indirect position in common shares plus direct and indirect preferred share holdings, along with several restricted stock unit awards tied to preferred shares vesting over future years.
When do Claudio Johannpeter’s Gerdau (GGB) restricted stock units vest?
The RSUs vest on three dates: February 12, 2027, February 12, 2028, and February 12, 2029. Each tranche corresponds to one of the reported restricted stock unit positions linked to preferred shares, outlining a staggered long-term incentive schedule.
Are the Gerdau (GGB) restricted stock unit exercise prices in U.S. dollars?
No. The Form 3 explicitly states the restricted stock unit exercise prices are denominated in Brazilian reais (R$). This reflects the company’s home currency and affects how the value of these awards should be viewed relative to any dollar-based valuation.